A Population Has a Mean of 53 and a Standard

question 22

Multiple Choice

A population has a mean of 53 and a standard deviation of 21. A sample of 49 observations will be taken. The probability that the sample mean will be greater than 57.95 is

• A)0
• B).0495
• C).4505
• D).9505

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Definitions:

Clearing

The process of reconciling purchases and sales of various options, futures, or securities, as well as the direct transfer of funds from one financial institution to another.

Refuse To Honor

The act of not accepting, acknowledging, or fulfilling an agreement, request, or instruction.

Enough Money

Implies having sufficient funds to meet needs, obligations, or desired goals without financial strain.

Sue

The act of bringing a legal action against an individual or entity to seek redress or enforcement of rights.